TKO Group (NYSE:TKO - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.14, Zacks reports. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.26) EPS. TKO Group updated its FY 2025 guidance to EPS.
TKO Group Price Performance
Shares of TKO Group stock traded down $9.19 during trading hours on Friday, hitting $159.77. The company's stock had a trading volume of 1,867,347 shares, compared to its average volume of 1,107,861. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a 12-month low of $98.52 and a 12-month high of $179.09. The business has a 50 day moving average price of $151.47 and a two-hundred day moving average price of $145.79. The company has a market cap of $27.35 billion, a PE ratio of -380.40 and a beta of 0.73.
TKO Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. TKO Group's dividend payout ratio is presently 7,600.00%.
Analyst Ratings Changes
A number of brokerages recently weighed in on TKO. Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Susquehanna began coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.33.
Get Our Latest Stock Analysis on TKO Group
Insider Activity at TKO Group
In related news, CEO Ariel Emanuel acquired 116,256 shares of the company's stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $172.03 per share, with a total value of $19,999,519.68. Following the acquisition, the chief executive officer now directly owns 2,305,222 shares of the company's stock, valued at approximately $396,567,340.66. This trade represents a 5.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 414,204 shares of company stock valued at $71,689,438. 53.80% of the stock is owned by company insiders.
About TKO Group
(
Get Free Report)
TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TKO Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TKO Group wasn't on the list.
While TKO Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
